STEMGeeks burn report - 74% ($782) burned this week - October 6th

in LeoFinance13 days ago (edited)

STEMGeeks has burned all the author rewards on @steemgeeks and curation rewards on @stemcuration.

There are 11,1190 STEM tokens created for the reward pool weekly.

  • @stemgeeks author rewards - 62.408600 STEM
  • @stemcuration curation rewards - 1186.950568 STEM
  • 50% Author Rewards Burned - 2683.988298 STEM
  • APE Mining Club - 4346.000000 STEM
  • STEM burned for promotion - 11.622687 Stem

Total Burned: 8,279.347466 STEM ($782 or ~74% of weekly reward pool)

STEMGeeks is 2 years old! This means the weekly inflation has been reduced to 11,190 tokens.

We have recently burned 1 million STEM tokens of the @nostem4u anti-abuse while retiring it's service.

Get more author rewards

Post from and get full STEM author payouts for your posts. Posts made on any other front end will only receive 50% author rewards.

Linear rewards are now enabled!

20% of the reward pool goes to STEM Miners?

99% of the miners have been burned. Do you have any?
If you like passive income, STEM Miners have you covered.
You can grab some on Hive Engine.

There are a limited number of STEM Miners available.

Promote your posts by burning STEM to @null

Send STEM tokens to null with a STEM post in the memo. This will push your post above all others as a promoted post. It takes very little STEM to do this and be placed at the top as there is little competition for this feature right now.

By using STEM for promotion you reduce the STEM token supply increasing the potential value of the token.

Posted Using LeoFinance Beta


Congrats for completing 2 years and as always this weekly event of STEM burn is great.

burned 1 million STEM tokens of the @nostem4u anti-abuse while retiring it's service.

With this add on action, STEM will be more powerful. Great work @stemgeeks team.